Investing.com - Universal Insurance reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Universal Insurance announced earnings per share of $-2.36 on revenue of $310.6M. Analysts polled by Investing.com anticipated EPS of $-0.22 on revenue of $476.28M.
Universal Insurance shares are down 57% from the beginning of the year, still down 50.46% from its 52 week high of $19.64 set on January 13.
Universal Insurance follows other major Financial sector earnings this month
Universal Insurance's report follows an earnings beat by JPMorgan on October 14, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on October 17 with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.7816 on revenue of $23.56B.
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